atcdude123 wrote:
AK Pilot from on here made a badass wildcat. If I remember correctly he fixed it from a wreck.
I often wonder about the prices of things myself. I wonder how people do it. I work like a slave but rent isn't cheap, funding retirement isn't cheap, groceries aren't cheap, putting gas in and insuring all my junk isn't cheap. I have some left over every week but it takes me a long time to save up any real money. Buying and selling things for extra money isn't what it used to be. Between these TV shows showing inflated prices and the Internet telling even the biggest dullard what things retail for its a tough business. They want top dollar for their stuff and others don't have the money to buy the stuff for full price. Maybe if I took credit cards..... Anyway I live 100% debt free besides some recent medical bills and its tough to put away money. How do people do it with a payment on a $40,000 truck, a Harley payment, $20,000 atv payment, credit cards out the wazoo, etc. etc. Either people live off Ramen noodle while I eat steak or there's a whole lot more money going around than I see. My generation doesn't ask "how much?" They ask "how much a month?" Some older generations are guilty of it to. It's the I want it and I want it now syndrome. Need to get a calculator out and see what stuff really costs with interest, loss of value, and jacked up insurance rates. I can't blow my brains out like that.
Now if you've got a bunch of money and 17k won't financially cripple you and your family I say why not. Also please show me what I'm doing wrong while your at it lol. I'd like to be that guy before I'm 60.
Current as of April 2014
U.S. household consumer debt profile:
Average credit card debt: $15,191
Average mortgage debt: $154,365
Average student loan debt: $33,607
http://www.nerdwallet.com/blog/credit-c ... -householdIn April, consumer debt rose 10.2%, to $3.175 trillion. Of this, $2.3 trillion was for loans (mainly education and auto) and it increased .9% during the month. Only $870.4 billion was credit card debt, and it increased 12.3%. (Source: Federal Reserve G-19 Report)
http://useconomy.about.com/od/demand/a/ ... istics.htmI like number 3 and #17 on the list
http://www.infowars.com/debt-slavery-30 ... -your-mindI remember years ago when I got my first credit card, were talking like 1982 I needed a card because I was moving to Florida at the time and wanted something in case I had to make a large purchase on the road, since I had never had a card before it was almost impossible to get one I finally had to get a American Express card and pay them like 50 bux a year just to have it, once I got moved I started buying most my purchases with the card and paid the balance off at the end of the month, 3 months later I got a flood of other cards in the mail so picked out a few of the best let the American Express laps, longest I ever carried a CC debt was about 3 months, when I built my house right at the end I ran out of cash and had to finish all the floor coverings and a few other items using my CC, 2 weeks after the house was finished I started a outage at the nuke plant and paid the card off before the end of the outage.
I feel like a complete moron, I should have borrowed against my house when the bank said they would loan me up to 330k on it (back when I was thinking of building some duplexes) I could have bought a new fancy smancy RV, boat, enclosed trailer, pickup truck etc. then when the economy crashed gave the house back to the bank kept all my toys lol used my savings to start building another new home....